“The City may give – but it can do better”

BY ANTHONY HILTON, LONDON EVENING STANDARD

Ben Morton Wright, Founder and CEO of Global Philanthropic, provides insight into the direction of fundraising and philanthropy in UK; full article here.

“…Ben Morton Wright, head of London-based fundraising consultancy Global Philanthropic, strongly believes the capital is becoming the world centre for charitable giving.

His key point is that this is more than just the generosity of the Brits in television appeals or at special-occasion dinners. It is about the wealthy taking a conscious decision to direct some of their money back into the community, either as individuals or increasingly by setting up charitable foundations.

Morton Wright says London has an edge because it has all the fund management and private banking expertise the wealthy make use of in the normal course of things. When they come to think of philanthropy, they find the UK has solid charity law, reasonable levels of regulation and few restrictions on moving funds to anywhere in the world.

It helps, too, that so many of the wealthy have homes here, even if they use them only rarely, in that it gives them comfort that they can keep an eye on things. It is part of a package Morton Wright says is persuading the wealthy from Asia, from the Middle East and Europe to make London the global base of their charitable activities and creating huge demand for one of the financial sector’s newest and fastest-growing areas of expertise.”